Bar-On Caves in

Roni Bar-On's finance ministry is characterized by an amazingly flexible backbone. After reaching an agreement with the teachers without any commitment to reforms, this time he surrendered to pressure from the industrialists and approved capital investment grants for another year. Even industrialists admit they can get by without this type of aid, and that it is worth putting the money into something more useful. The only real question remaining is whether the treasury will completely crumble and approve NIS 500 million instead of NIS 150 million. Research shows the grants allowed investors to cheat the state, and many firms still have not met the employment or revenue requirements for grants they received.